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Whether demand notice under section 13(2) can be issued to both the borrower and the guarantor?

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Whether demand notice under section 13(2) can be issued to both the borrower and the guarantor?

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Yes. But, if the guarantor has not created any mortgage or other security interest on his assets then a copy of notice to borrower is marked to the guarantor otherwise separate notices to borrowerr and guarantor should be issued as prescribed.

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